yes its a good outcome. I expect another write down in the June Year end accounts, but with adjusted NTA of $2 approx vs share price $1.32, there is still a significant margin of safety. Cap rate rise to 6.26% should rise to approx 6.5% in the June Year end accounts. At 6.5% Cap rate we also have a reasonable future buffer against interest rates refinancing rates, ie positive cash flow on a valuation basis (obviously on a financial basis, a higher future interest rate will negatively effect the future P&L).
Happily holding and collecting my 9% annual dividend.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)